Kinetik (NYSE:KNTK) Research Coverage Started at Truist Financial

Truist Financial began coverage on shares of Kinetik (NYSE:KNTK) in a report published on Tuesday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $53.00 price target on the stock.

Several other research analysts also recently issued reports on KNTK. Wolfe Research downgraded shares of Kinetik from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 27th. Wall Street Zen upgraded shares of Kinetik from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. UBS Group lowered their price target on Kinetik from $49.00 to $48.00 and set a “neutral” rating on the stock in a report on Monday, March 16th. Scotiabank boosted their price target on Kinetik from $49.00 to $51.00 and gave the company a “sector outperform” rating in a research report on Tuesday, March 17th. Finally, Citigroup upped their price objective on Kinetik from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $47.25.

Kinetik Trading Up 2.8%

KNTK stock opened at $48.53 on Tuesday. The company has a market capitalization of $7.87 billion, a P/E ratio of 18.88, a PEG ratio of 1.60 and a beta of 0.70. Kinetik has a twelve month low of $31.33 and a twelve month high of $54.15. The business has a 50 day simple moving average of $43.29 and a 200-day simple moving average of $39.52.

Kinetik (NYSE:KNTK) last announced its earnings results on Thursday, February 26th. The company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $2.01. Kinetik had a net margin of 29.23% and a negative return on equity of 32.70%. The business had revenue of $430.42 million for the quarter. During the same period in the previous year, the firm earned $0.01 earnings per share. The business’s revenue was up 11.5% compared to the same quarter last year.

Insiders Place Their Bets

In other Kinetik news, major shareholder Isq Global Fund Ii Gp Llc sold 4,000,000 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $44.85, for a total value of $179,400,000.00. Following the completion of the sale, the insider owned 1 shares of the company’s stock, valued at approximately $44.85. This trade represents a 100.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven Stellato sold 2,907 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $46.92, for a total transaction of $136,396.44. Following the sale, the insider owned 393,382 shares in the company, valued at $18,457,483.44. The trade was a 0.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,015,831 shares of company stock valued at $180,054,928 in the last three months. 3.83% of the stock is owned by corporate insiders.

Institutional Trading of Kinetik

Several hedge funds and other institutional investors have recently made changes to their positions in KNTK. CWM LLC lifted its stake in shares of Kinetik by 89.8% in the fourth quarter. CWM LLC now owns 744 shares of the company’s stock valued at $27,000 after purchasing an additional 352 shares during the period. Signaturefd LLC grew its position in Kinetik by 101.5% during the fourth quarter. Signaturefd LLC now owns 802 shares of the company’s stock worth $29,000 after buying an additional 404 shares during the period. Kestra Advisory Services LLC purchased a new position in Kinetik in the fourth quarter valued at about $33,000. Los Angeles Capital Management LLC purchased a new position in Kinetik in the fourth quarter valued at about $40,000. Finally, Huntington National Bank lifted its position in shares of Kinetik by 139.1% during the 4th quarter. Huntington National Bank now owns 1,222 shares of the company’s stock valued at $44,000 after acquiring an additional 711 shares during the period. Institutional investors and hedge funds own 21.11% of the company’s stock.

Key Stories Impacting Kinetik

Here are the key news stories impacting Kinetik this week:

• Positive Sentiment: Truist Securities initiated coverage with a buy/strong‑buy recommendation — their coverage kickoff signals conviction from a large bank analyst and likely added buying pressure. Truist Securities initiates coverage of Kinetik Holdings (KNTK) with buy recommendation
• Positive Sentiment: Truist Financial also began coverage (reported separately), reiterating a bullish stance and reinforcing the market impact of the Truist analyst team. Truist Financial Begins Coverage on Kinetik (NYSE:KNTK)
• Positive Sentiment: Wells Fargo upgraded Kinetik from “equal weight” to “overweight” and set a $52 price target (up from $47), a concrete signal of anticipated upside that likely supported the stock. Wells Fargo upgrades Kinetik Holdings (KNTK)
• Neutral Sentiment: Outlets published comparative reviews (Kinetik vs. peers) that may have provided broader context but are unlikely to move the stock materially on their own. Reviewing Kinetik (NYSE:KNTK) & Mammoth Energy Services (NASDAQ:TUSK)
• Negative Sentiment: US Capital Advisors trimmed near‑term estimates — reducing FY2027 EPS and lowering Q1 EPS projections — which introduces some downside risk to near-term sentiment despite the longer‑term upbeat coverage from other firms. Q1 EPS Estimates for Kinetik Reduced by US Capital Advisors

About Kinetik

Kinetik (NYSE: KNTK) is a publicly listed midstream energy company focused on the development, operation and management of natural gas infrastructure across the United States. The company’s core business activities include the gathering, compression, processing, storage and transportation of natural gas, serving producers, utilities and industrial consumers. By integrating a suite of midstream services under a single platform, Kinetik aims to provide efficient, cost-effective and reliable solutions across the natural gas value chain.

The company was established in 2021 when assets were acquired from Talen Energy by a subsidiary of ArcLight Capital Partners, forming a comprehensive portfolio of pipelines, compression facilities and underground storage assets.